Between May and July, Volvo recorded global sales of 164,663 cars, down 4% compared to the same period last year. This was announced by the Swedish company itself, thus revealing a slight decline in registrations. The Chinese market was the one that felt the impact the most, while in the USA sales showed a recovery for the third consecutive month, with a double-digit increase.
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Volvo loses 4% of sales
In Europe, instead, deliveries remained stable, showing moderate growth. A look also at sales of electrified models, therefore fully electric and plug-in hybrids: global deliveries increased by 15%, representing 53% of all units sold in the quarter. Fully electric cars, specifically, accounted for 27% of the total, while plug-in hybrids accounted for 26%.
Optimism for the future
“The recovery recorded in the USA makes us optimistic, as the sector as a whole seems to have gained momentum. Our results in Europe also continue to show good resilience, driven by the fully electric EX30 and EX40 models. Furthermore, we have maintained a strict pricing policy in Europe and recorded a steady increase in orders for our fully electric models in the retail market. We have achieved these results without yet having the EX60, a model destined to revolutionize the sector, and we are now preparing to gradually increase production and deliveries to customers in the second half of the year,” commented Erik Severinson, Chief Commercial Officer of Volvo Cars.
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